Personal Investments • Using withholding on Roth conversion instead of estimated tax payment

He will not be subject to the one per year rule, as he did not receive a distribution, nor are conversions subject to the rule in the first place.

Ah, your right, thank you for catching that!

I am not sure that this is correct. The money that's leaving the IRA and not entering a Roth IRA is benefiting the taxpayer (meeting his tax obligations). If, theoretically, I direct the money from t-IRA to my daughter's bank account, *I* am not receiving the distribution, and therefore should I contend that I am not subject to the once-per-year rule?
[ Yes I know IRA custodians check that the name on the bank account will match the name on the IRA account, but please indulge in this thought exercise a bit ]

Statistics: Posted by lakpr — Thu Feb 22, 2024 1:43 pm — Replies 19 — Views 516

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